Association's right to resort to court

Colo. Rev. Stat. § 11-44-119, under Division of Financial Services.

Colo. Rev. Stat. § 11-44-119

Nothing in articles 40 to 46 of this title shall be construed to prevent an association or person affected by any order, ruling, proceeding, act, or action of the commissioner or the financial services board or any person acting on behalf and at the instance of the commissioner or the financial services board, or both, from testing the validity of the same in any court of competent jurisdiction, through injunction, appeal, or other proper process or proceeding, mandatory or otherwise.

Source: L. 33: p. 350, § 18. CSA: C. 25, § 64. CRS 53: § 122-6-19. C.R.S. 1963: § 122-5-19. L. 93: Entire section amended, p. 1453, § 12, effective June 6.

ANNOTATION

Section helps insure speedy judicial hearing. This section, together with §§ 11-41-111, 11-41-113, and 11-41-116, supplies all reasonably proper means of obtaining speedy judicial hearings on all vital issues that could properly be raised. United States Bldg. & Loan Ass'n v. McClelland, 95 Colo. 292, 36 P.2d 164 (1934).

For the parties have, under this section, a right to a plenary judicial review of the actions of the commissioner. United States Bldg. & Loan Ass'n v. McClelland, 6 F. Supp. 299 (D. Colo. 1934).